COVID-19 Impact & Recovery Analysis- Digital Twin Market 2019-2023 | Need for Predictive Maintenance to Boost Growth | Technavio
Technavio has been monitoring the digital twin market and it is poised to grow by USD 12.27 billion during 2019-2023, progressing at a CAGR of 38% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. General Electric Co., IBM Corp., Microsoft Corp., PTC Inc., and Siemens AG. are some of the major market participants. The need for predictive maintenance will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Need for predictive maintenance has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our digital twin market report covers the following areas:
Digital Twin Market size
Digital Twin Market trends
Digital Twin Market analysis
This study identifies need for reduced time-to-market and improved decision making as one of the prime reasons driving the digital twin market growth during the next few years.
Digital Twin Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the digital twin market, including some of the vendors such as General Electric Co., IBM Corp., Microsoft Corp., PTC Inc., and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the digital twin market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will assist digital twin market growth during the next five years
Estimation of the digital twin market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the digital twin market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of digital twin market vendors
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
Market segmentation by deployment
Comparison by deployment
On-premise - Market size and forecast 2018-2023
Cloud - Market size and forecast 2018-2023
Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Manufacturing - Market size and forecast 2018-2023
Energy and utilities - Market size and forecast 2018-2023
Aerospace and defense - Market size and forecast 2018-2023
Automotive - Market size and forecast 2018-2023
Healthcare - Market size and forecast 2018-2023
Other end-users - Market size and forecast 2018-2023
Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Use of AI in digital twin
Increasing traction in the healthcare sector
Emergence of process twins
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
General Electric Co.
IBM Corp.
Microsoft Corp.
PTC Inc.
Siemens AG
PART 15: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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